Organization evolution of National Oil Company to support long-term strategic objectives

Recent oil discoveries transformed an African country from a net oil importer to an oil-rich nation, thereby increasing NOC work scope
Also, new laws were passed to improve regulation of the country’s Energy industry:
- Creation of industry regulator
- Gas company to manage gas
- Framework for petroleum revenue collection
- New entrant stakeholders
Plus, there was renewed emphasis to re-focus the organization on core activities (NOC had diversified into non-core businesses)
NOC’s ambition was to optimize petroleum benefits to all stakeholders; expand internationally

Identified macro-trends and key drivers of future industry activities
Defined strategic roadmap and possible evolution scenarios for the organization
Revised organization structure to meet business needs (in the context of increased future work scope and newly-passed laws)
Prepared implementation plan detailing future structure and resource requirement of each entity
Defined governance framework for managing new entity and supported implementation roll-out
- Presented and obtained buy-in from the country’s Presidential Council

Strategic roadmap allowed newly-recruited Management team to effectively steer the business
Obtained buy-in from all internal and external stakeholders on management of petroleum resources
New NOC is playing key role in creating stable platform for a thriving energy industry in country [active Joint Venture partner with Asset operators]